Majority of IFAs see pensions business growth post A-Day

The provider says the main drivers of business during the rest of the year will be self-invested personal pensions, executive pension plans (Epp) and the changes to the rules governing tax free cash. Almost 60% of advisers expect to see their business grow by up to 25% and a further 18% expect their business to grow by more than this. More than 70% of IFAs expect the removal of the need to buy an annuity to be a ‘significant’ benefit to their typical pension clients while almost 60% feel income drawdown changes will be of ‘significant’ benefit. Since A-Day 53% of advisers say they have...